When Great Britain , which is the financial ruling power of the 19th century , was drained financially during World War I , United States became a hegemon in 1945 . It had a military strength that was dominant or arable . It was for twenty-five years , on top of the world During the Great Depression , United States emerged as the leader of the world economically . But it did not open its market to investments internationally and foreign commodities were not accepted into its market . It did not want to rescue other countries of the world for their
br debts . United States wanted to protect its finances by spending for its own . At the current financial problem when United States had debts China recapitalized the debts of US . It became the creditor . To rescue its economy , Obama make use of the Beijing consensus where in the government uses the taxpayers money to encourage private investors to strengthen its financial system . The Obama government opened its international market and benefits from it . Then it limited the buying of commodities and conducted research for studies . The government improved its energy sector . Through these ways , the lives of the people are given more emphasis . To what degree is the government effective in providing the needs of the people is the first priority of the government . But although the United States declined economically at the present , a counter cyclical asset , the greater the United States attain influence and power because larger economic and political power units influences are increased when...
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